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Factory Overthead Rates, Entries, and Account Balance Sundance Solar Compony operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in. Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: a. Determine the factory overhead rate for factory 1. Round the answer to two decimal places. per machine hour b. Determine the factory overhead rate for Factory 2. Hound the answer to two decimal places. per direct tabor hour d. Determino the balances of the factory overhead accounts for each factory as of March 31 , and indicate whether the amounts represent overapplied factory overhead or underappled factory owerhesd, When required, round your answers to the nearest dollar: Factory 1 is Factory 2